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    DraftKings-FanDuel merger temporarily halted by FTC

    The Federal Trade Commission, with the support of the attorneys general of the state of California and the District of Columbia, has moved to file a suit which would stop a proposed merger between daily fantasy sports firms DraftKings and FanDuel. The merger would consolidate 90% of the daily fantasy sports market in the United […]

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    Amazon purchases Whole Foods chain

    The online shopping conglomerate Amazon has agreed to a $13.4 billion purchase of the American upscale grocery chain Whole Foods, which marks a huge step in Amazon’s investment into the food shopping sector. The industry is worth $700 to $800 billion in the United States, and Amazon’s biggest opponent, Wal-Mart, already has a huge participation […]

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    Travis Kalanick takes leave of absence from Uber CEO position

    Uber co-founder and CEO Travis Kalanick announced he would be taking a leave of absence, as the company begins a wide reorganization in the wake of a series of scandals that have damaged its administration’s reputation. At a Tuesday meeting, Uber released 13 pages of recommendations as a result of a sexual harassment probe conducted […]

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    GE CEO Jeffrey Immelt retiring after 16 years at the helm

    American business giant General Electric announced on Monday that its CEO of 16 years, Jeffrey Immelt, would retire at the end of 2017. That would mark and end to an era of overhaul for the company that didn’t always result in stock price increases. Immelt will be replaced as CEO by John Flannery on the […]

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    Uber leaks may damage CEO’s reputation

    A series of leaks have come out in the past couple of days putting the ride sharing giant Uber in a bad light. One of these leaks caused the firing of executive Eric Alexander, due to information coming out that he had made arrangements to obtain the medical records of a passenger who was raped […]

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    Amazon will launch service aimed at low-income families

    Amazon announced a novel twist to its popular Prime membership program, saying that it will begin a new division of the service that is more affordable and targets customers that are currently depending on government assistance. Amazon says that to qualify for the cheaper service, customers must have a valid Electronic Benefits Transfer card, the […]

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    Southwest Airlines begins first of two 2017 massive sales

    Southwest Airlines is rolling out the first of their twice-a-year fare sales, advertising domestic round-trip fares of less than $100 on several of the carrier’s shorter routes. The sale launched on Tuesday morning and applies to flights booked for departure between August 22 and December 13 of this year. Flights on Fridays, Sundays and holidays […]

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    Nintendo gives more details on Switch Classic Online service

    Nintendo released some information about its new online service for the Switch, the company’s newest console. In the statement released on Thursday night, Nintendo confirmed that it would charge $20 for a yearly subscription, which is unheard of in the gaming industry. The statement also said that subscribers would be able to download a variety […]

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    British Airways cancels hundreds of flights after power issue

    British Airways explained a huge weekend fiasco by saying a power surge at one of its data centers caused the airline to force all flights of the airline from Heathrow Airport in London. “An exceptional power surge caused physical damage to our infrastructure and as a result, many of our hugely complex operational IT systems […]